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South Korea’s largest automaker plans to produce flying cars. Hyundai is working on a model that will carry 5-6 passengers within the city and a larger version for long-distance flights. The company plans to enter the market by 2028.

Hyundai has unveiled a prototype flying car at the Las Vegas Consumer Electronics Show. The air car will initially be available as part of Uber’s air taxi service, and by 2030 it will become fully autonomous.

“People who are constantly stuck in traffic jams will realize how much more convenient it is to travel by air and as a result we will see an explosion in demand.” – Said the CEO of the company’s air mobility department, Givon Sheen, while presenting the prototype.

The average speed of the car will be 290 km / h and it will fly at an altitude of 300-600 meters. Hyundai says it will use smaller, electric-powered rotors to produce less noise than a helicopter powered by an internal combustion engine.

In the coming years, the industry will have to answer questions about what kind of pilot license will be required to drive a flying vehicle, what new rules and infrastructure are needed to ensure that transport does not interfere with aircraft and helicopters. Shin said the flying car will make its debut in 2023, but the company plans mass production in 2028, when the proper infrastructure is created and public awareness is raised.

Hyundai is also working on a transport option that will transport goods weighing about 300 kilograms. The company has not decided where to build the first enterprise.

Hyundai’s competitors include Airbus SE, Boeing Co. And startups like Lilium. Vahana, a self-propelled air taxi developed by Airbus’s A3 Silicon Valley Innovation Center, made its first test flight in 2018, and a Boeing prototype in January last year. Chinese electric car maker XPeng Inc unveiled its prototype last month. It carries two people and can levitate at 25 meters.

According to Morgan Stanley analysts, aircraft technology will create an industry worth $ 2.9 trillion by 2040.